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Pie
2 years ago
8

The 1040 form is used to collect?

Business
2 answers:
Sphinxa [80]2 years ago
7 0
The 1040 form is used to collect federal tax
S_A_V [24]2 years ago
4 0
It is a tax form.
There are two types the 1040A and the 1040EZ tax form
The IRS form 1040 allows taxpayers to claim numerous expenses and tax credits itemized deductions and adjust income
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Susan wanted to give a diamond pendant to Lucy, her daughter. Susan entered into a contract with Andrew, a dealer who specialize
Aleksandr [31]

Answer: Lucy can sue Andrew as she is a donee beneficiary of the contract

Explanation:

From the question, we are told that Susan wanted to give a diamond pendant to Lucy, who is her daughter. Susan then entered into a contract with Andrew, who is a dealer that specializes in diamond jewelry.

Susan had promised to pay him if he delivered the pendant to Lucy but later Andrew withdrew from the contract and Lucy wanted to sue him.

In this case, Lucy cannot sue Andrew because she is a donee beneficiary. It should be noted that as a donee beneficiary of the contract, the will only get the benefit of the contract as a gift but the contract is really between Susan and Andrew. She is not a party to the contract technically.

7 0
3 years ago
Job HE-65 at Wilson Manufacturing Inc. required $300 of direct materials and 15 direct labor hours at $10 per hour. The company’
Oxana [17]

Answer:

Job HE-65  total cost 900 dollars

Explanation:

predeterminated overhead rate:

expected cost / expected driver

900,000 / 30,000 = $30

Each labor hour generates $30 dollars of overhead according to our expectation

Now we solve for the cost of job HE-65

materials 300

labor 15 hours x $10 = 150

and overhead 15 hours x $30 each = 450

total cost 300 + 150 + 450 0 900

3 0
3 years ago
Read 2 more answers
Honeycutt Co. is comparing two different capital structures. Plan I would result in 12,700 shares of stock and $109,250 in debt.
velikii [3]

Answer: $47.50

Explanation:

The price pr share given debt and the number of shares if the company had both an all equity structure and a mixed structure can be expressed as;

Price per Share = Debt Value / (Number of Shares under All-equity plan - Number of shares under mixed plan)

Price per share = 109,250 / (15,000 - 12,700)

= 109,250 / 2,300

= $47.50

4 0
3 years ago
What type of unemployment occurs when people take time to find a job?
Vesnalui [34]

frictional unemployment

3 0
3 years ago
A company works on three jobs and incurs the following: Direct materials - $50,000 and Direct labor - $100,000. The company uses
Sveta_85 [38]

Answer:

$60,000

Explanation:

The amount of overheads which shall be allocated to the three projects shall be determined using the following mentioned formula:

Overhead amount=overhead rate* direct labor costs

In the given question

overhead rate=60%

direct labor costs=$100,000

Overhead amount=60%*100,000

                              =$60,000

8 0
3 years ago
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